FA News

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'Roaring Kitty' Sued Over Alleged GameStop 'Pump And Dump'

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The suit alleges that Keith Gill acquired 120,000 call options in GameStop before he began posting about the company.

Top Fund Managers Say This 'Forgotten' Asset Class Is Poised For A Rebound

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Investors need to take another look at small-caps both domestically and internationally, they say.

401(k) Annuities Still A Hard Sell Despite SECURE Act, Advisors Say

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Advisors report sluggish demand for the guaranteed-income products in retirement plans.

EP Wealth Buys $700M RIA In Dallas

by FA Staff

Sloan Investment Management is the third acquisition this year for Torrance, Calif.-based EP Wealth.

Ex-Moelis Banker Kaye Arrested For Assault In Viral Video Punching Incident

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A viral video posted on X allegedly shows him punching a woman.

Supreme Court's SEC Arbitrator Ruling A 'Good Win' For Advisors, Attorney Says

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The regulator will now have to be more selective in its enforcement actions, attorney Brian Hamburger said.

Ex-Morgan Stanley Father-Daughter Team With $290M Joins LPL

by FA Staff

Jim Zack and Amanda Zack launched the Zack Wealth Group in Washington, D.C.

Weed ETF Waives Fee Ahead Of Biden-Favored Drug Reclassification

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The actively managed Roundhill Cannabis ETF is dropping its expense ratio to zero from 40 basis points.

BlackRock Aims To ‘Index The Private Markets' After Preqin Deal

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Adding the private capital database accelerates BlackRock's push to become a major player in alternative assets.

Elections Will Have Profound Impact On Taxes, Advisors Say

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All elections have tax implications, but the impact of this year's contest may be unprecedented, they say.

Goldman's Hedge Funds Head Says It's Time To Cut Portfolio Risk

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"The probability of a drawdown is rising,” he said.

Big Names In S&P 500 Overshadow The Risk Of A Volatility Jump

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The concern is that a volatility spike is inevitable should correlations align across the market.

BlackRock Enters Booming Market For Stock ETFs With A 100% Hedge

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A new hedged BlackRock ETF will provide investors with upside exposure to the S&P 500 to a cap of around 10.6%.

Goldman Says Earnings Bar Is Set Highest Since 2021

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Single-stock analysts predict profits at S&P 500 firms rose 9% on average in the April-June period.

Newly-Created Fortis Wealth Advisors Joins NewEdge Advisors

by FA Staff

The four founders of the Dallas-based firm were with J.P. Morgan Securities.

CLOs Have Too Much Money And Are Running Out Of Things To Buy

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Managers can't create the bonds fast enough to meet demand.

In 'Goldilocks' World, Top BofA Strategist Touts Large-Cap Value

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Strategist Savita Subramanian sees "tremendous opportunities" over the next five to 10 years in large value shares.

Financial Markets See Trump Advantage After Presidential Debate

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Investors “are already busy” positioning portfolios for a potential Trump presidency, the deVere Group said.

N.Y. Advisory Firm With $150M AUM Leaves Commonwealth For Perigon

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Creative Financial Planning was launched by Lisa Hayes in 1985 with profits from a cleaning business.

Fed's Favored Price Gauge Slows, Supporting Case For Rate Cut

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The so-called core personal consumption expenditures price index increased 0.1% from the prior month.

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